Latin America and the Caribbean: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Latin America and the Caribbean

In 2022, the Latin American market for central heating boilers, for producing hot water or low pressure steam decreased by -1.9% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Latin America and the Caribbean

In value terms, production of central heating boilers, for producing hot water or low pressure steam totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable decline. The growth pace was the most rapid in 2015 when the production volume increased by 12% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports in Latin America and the Caribbean

Exports of central heating boilers, for producing hot water or low pressure steam contracted rapidly to X units in 2022, waning by -20% compared with the previous year's figure. In general, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of 263%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam contracted dramatically to $X in 2022. Overall, exports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when exports increased by 169%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Argentina represented the main exporting country with an export of about X units, which finished at 45% of total exports. It was distantly followed by Bolivia (X units), Panama (X units), Colombia (X units), Chile (X units) and Guatemala (X units), together constituting a 44% share of total exports. The Dominican Republic (X units) followed a long way behind the leaders.

Exports from Argentina decreased at an average annual rate of -5.6% from 2012 to 2022. At the same time, Panama (+27.9%) and Colombia (+10.3%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +27.9% from 2012-2022. Bolivia and the Dominican Republic experienced a relatively flat trend pattern. By contrast, Chile (-9.4%) and Guatemala (-10.2%) illustrated a downward trend over the same period. Bolivia (+14 p.p.), Panama (+13 p.p.) and Colombia (+5.6 p.p.) significantly strengthened its position in terms of the total exports, while Chile, Guatemala and Argentina saw its share reduced by -3.9%, -4.6% and -8.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was held by Panama ($X), with a 9.7% share of total exports. It was followed by Chile, with a 5.7% share.

In Argentina, exports of central heating boilers, for producing hot water or low pressure steam decreased by an average annual rate of -3.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Panama (+33.8% per year) and Chile (-5.4% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, declining by -9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 36%. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+13.4%), while the other leaders experienced more modest paces of growth.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports in Latin America and the Caribbean

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported in Latin America and the Caribbean; with a decrease of -20% on the year before. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam fell rapidly to $X in 2022. In general, imports showed a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 60%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X units) and Argentina (X units) dominates steam structure, together achieving 70% of total imports. Brazil (X units) ranks next in terms of the total imports with a 5.5% share, followed by Uruguay (4.8%). The following importers - Colombia (X units), Guatemala (X units) and Nicaragua (X units) - together made up 8.1% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nicaragua (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam importing markets in Latin America and the Caribbean were Chile ($X), Argentina ($X) and Brazil ($X), together comprising 78% of total imports. Uruguay, Colombia, Nicaragua and Guatemala lagged somewhat behind, together comprising a further 9.3%.

Nicaragua, with a CAGR of +8.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, dropping by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2021 an increase of 21% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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